CBI News 07/08/2019

[yota691]

Localization of salaries of state employees

 

  

 July 08, 2019

 

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» All ministries / Minister 's Office and departments not related to the Ministry and provincial councils all / Office of the President of the Council and all provincial / governor 's office ( localization of salaries ) ... To view Click here

[yota691]

The Central Bank raises the ceiling of loans to small and medium enterprises to one billion dinars

  

 July 08, 2019

 

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To enhance the successes achieved by the one trillion dinars initiative, and in order to absorb more investment projects, the Central Bank of Iraq announces the raising of the ceiling of loans granted to finance small and medium enterprises, within this initiative, to (billion dinars), stressing that these loans will cover all sectors except The housing sector, giving more space to the industrial and agricultural sectors .

 

The Central Bank issued a set of controls on this lending, in which it stressed the possibility of each bank to submit projects worth up to 5 billion Iraqi dinars, in one go, depending on the form sent for each project, and that the bank will audit projects that will be funded after 6 months From the date of feeding the bank account to a maximum, without allowing the extension of the period .

The Central Bank shows that the term of the loan is up to 5 years and can be extended to 7 years, in case the bank asks the lender.

 

Central Bank of Iraq

information Office

8 July 2019

 

»To view the rules of raising the ceiling of the small and medium loan to ( 1 ) billion dinars ...  Click here

[yota691]

 

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The Central Bank of Iraq raises the ceiling of loans to small and medium enterprises to one billion dinars

 

 

 2019/07/08 06:01:08

 

The Central Bank of Iraq, raising the ceiling of loans granted to finance small and medium enterprises, to one billion dinars, stressing that these loans will include all sectors except the housing sector, giving more space for the industrial and agricultural sectors. 
The Central Bank issued a set of controls on this lending, in which he stressed the possibility of each bank to submit projects worth up to 5 billion Iraqi dinars, at once, depending on the form sent for each project, and that the bank will audit projects that will be funded after 6 months from the date Feed the bank account to a maximum, without allowing the extension of the period. 
The Central Bank shows that the term of the loan is up to 5 years and can be extended to 7 years, in case the bank asks the lender.

[yota691]

The Central Bank raises the ceiling of loans to small and medium enterprises to one billion dinars

 

Banks Economy News - Baghdad The Central Bank of Iraq, on Monday, raising the ceiling of loans for small and medium enterprises to one billion dinars, indicating that the loan term of up to 5 years can be extended to 7 years. The bank said in a statement read by "Economy News", that "to enhance the successes achieved by one trillion dinars, and in order to absorb more investment projects, the Central Bank of Iraq announces raising the ceiling of loans granted to finance small and medium enterprises, within this initiative, (Billion dinars), "stressing that" these loans will include all sectors except the housing sector, giving more space for the industrial and agricultural sectors. " "The Bank has issued a set of controls on this lending, in which it confirmed the possibility that each bank will submit projects worth up to 5 billion Iraqi dinars, in one go, depending on the form sent for each project, and that the bank will audit the projects that will be funded after 6 months from the date of replenishment of the bank account to a maximum, without allowing the extension of the period. "The loan period of up to 5 years can be extended to 7 years, in the event that the bank requested the lender." Views 22   Date Added 08/07/2019

[yota691]

Central Bank raises the ceiling of loans for small and medium enterprises to one billion dinars

Paper money from the currency of the Iraqi dinar

 08 Jul 2019 01:53 PM

The Central Bank of Iraq raised the ceiling of loans to small and medium enterprises to one billion dinars.

The central bank said in a statement on Monday that the lifting of the lending ceiling comes in support of the successes achieved by the initiative one trillion dinars, and in an effort to absorb more investment projects.

The central bank said in a statement that these loans will cover all sectors except the housing sector, giving more space for the industrial and agricultural sectors.

The Central Bank issued a set of controls on this lending, in which he stressed the possibility of each bank to submit projects worth up to 5 billion Iraqi dinars, at once, depending on the form sent for each project.

He explained that the bank will audit projects that will be funded after 6 months from the date of feeding the bank account to a maximum, without allowing the extension of the period.

He pointed out that the central Iraqi loan period of up to 5 years, can be extended to 7 years, in the case of the bank request the lender.

[ChuckFinley]

Thanks Yota, like seeing small and medium size loans happening. 

[yota691]

The Central Bank raises the ceiling of loans to small and medium enterprises to one billion dinars

Date of release:: 2019/7/8 13:16 • 128 times read

(Baghdad: Al-Furat News) The Central Bank of Iraq announced on Monday, raising the ceiling of loans to small and medium enterprises to one billion dinars.

A statement by the bank, received {Euphrates News} a copy of it, "The Central Bank of Iraq announces raising the ceiling of loans granted to finance small and medium enterprises, within this initiative, to (billion dinars), stressing that these loans will cover all sectors except housing sector, with Giving more space to the industrial and agricultural sectors. " 
The statement said that "this was a reinforcement of the successes achieved by the initiative one trillion dinars, and in order to the bank to absorb more investment projects." 
He added that "the Central Bank issued a set of controls for this lending, in which he stressed the possibility of each bank to submit projects worth up to 5 billion Iraqi dinars, at once, depending on the form sent for each project, and that the bank will audit projects to be funded after 6 Months from the date of feeding the bank account to a maximum, without allowing the extension of the period.
The central bank pointed out that "the term of the loan up to 5 years can be extended to 7 years, in the event that the lender requested the lender."

[yota691]

The Central Bank raises the ceiling of loans to small and medium enterprises to one billion dinars

Economy | 01:00 - 08/07/2019

 

 

 

Baghdad - Mawazin News 
The Central Bank of Iraq, on Monday, raising the ceiling of loans to small and medium enterprises to one billion dinars. 
"The Central Bank of Iraq announces the raising of the ceiling of loans granted to finance small and medium enterprises, within this initiative, to (billion dinars), stressing that these loans will cover all sectors except housing, with a Giving more space to the industrial and agricultural sectors. " 
The statement said that "this was a reinforcement of the successes achieved by the initiative one trillion dinars, and in order to the bank to absorb more investment projects."
He added that "the Central Bank issued a set of controls for this lending, in which he stressed the possibility of each bank to submit projects worth up to 5 billion Iraqi dinars, at once, depending on the form sent for each project, and that the bank will audit projects to be funded after 6 Months from the date of feeding the bank account to a maximum, without allowing the extension of the period. 
The central bank pointed out that "the loan term of up to 5 years can be extended to 7 years, in the event that the bank asks the lender to do so."

[yota691]

Training Course (Head of Auditors for ISO22301, ISO27001, ISO2000) for the period (4-8), (18-22) and (25-29) / 2019/8

 

  

 July 08, 2019

To all governmental and private banks and all financial transfer companies ( Head of Auditors for ISO22301, ISO27001, ISO20000 ) ... . Click here to view

[cranman]

No auction today? I know they said one a week but just checking to see if they are sticking to it.

[jake21]

Oh ya just like clockwork 

[Laid Back]

This initiative from the CBI of raising of the ceiling of loans granted to finance small and medium enterprises, will help to develop the private sector.

The Private sector is the engine of growth.

 

Go CBI

Go initiatives

Go development 

Go RV

Go $1:1

 

 

[sweet C]

@Laid BackThank you for your input, you add value to this forum and I appreciate you. May I ask your opinion of why you think they extended this legislation for a month if they don't intend to RI they dinar until 2020? Then why bother extending this legislation. Do you think it was because of deadlines to complete the govt. The article that came out in March also stated they would increase the dinar during the first legislation. 

[new york kevin]

6 hours ago, ChuckFinley said:

Thanks Yota, like seeing small and medium size loans happening. 

It's about time. I really wonder why this hadn't happened earlier, but at least its happening now. At least we know why ag and small business hasn't stepped up and taken a larger percentage of Iraqs gdp.

 

 

[Laid Back]

9 hours ago, sweet C said:

@Laid BackThank you for your input, you add value to this forum and I appreciate you. May I ask your opinion of why you think they extended this legislation for a month if they don't intend to RI they dinar until 2020? Then why bother extending this legislation. Do you think it was because of deadlines to complete the govt. The article that came out in March also stated they would increase the dinar during the first legislation. 

Thanks for your input sweet C, 

I think they extended the legislation for a month to pass important laws, to vote on

the ministry of education, to complete IMF requirements.

IMF / SBA third review full report is coming this month 

CBI strategic plan 2016-2020

New Pay Scale Ladder coming January 2020

CBI Getting the banking system ready for international business 

I believe the rest of this year will give them time to finish all important things before the RV

 

Go RV 

Go $1:1